STEVE BANNON PUSHING FOR 44 PERCENT MARGINAL TAX RATE ON THE VERY RICH Steve Bannon is pushing for a new 44 percent top marginal tax rate for taxpayers earning more than $5 million a year! The the revenue would pay for tax cuts for the middle class. This seems utterly at odds with Trump̵[...]
Posts Tagged ‘taxes’
July 10th, 2017 - 11:10 am § in Schools & Colleges, The Ave Scene
The State Budget: Victory of Teachers’ Unions, The Rest of Education NOT SO MUCH
From The Seattle Times: Where does the new state education fund go? TEACHER SALARIES: The budget plan will shift the burden of covering teacher-salary costs to the state to comply with McCleary v. Washington. Lawmakers plan to do this by instituting a state property-tax hike in property-rich school [...]
July 9th, 2017 - 10:22 am § in The Ave Scene
An Alternative to Seattle’s Income Tax?
Oregon Legislature Approves Plan to Start Charging Tolls on Two Interstate Highways Running Through Portland Why not a CITY TOLL on I5? The money could be used for mass transit![...]
July 5th, 2017 - 8:19 am § in The Ave Scene
Blue state? Seattle gets rolled in Olympia tax deal
Democrats capitulated to a Republican plan that hammers Seattle and the suburbs with one of the largest property-tax increases in local history. While at the same time passing a bunch of tax loopholes for businesses. How is it that Republicans roll the Democrats every year in Olympia?[...]
July 3rd, 2017 - 9:30 am § in Misc.
Sweetheart Tax Deal in State Budget
How tax cuts for business showed up — quietly — in state budget as homeowner taxes increased A big tax cut for manufacturing businesses was passed by the Legislature with little public notice after a last-minute demand from Republicans during budget talks to avoid a government shutdown. [...]
June 27th, 2017 - 8:07 am § in The Ave Scene
GOOD NEWS FROM OLYMPIA
Reuven Carlyle We appear to be moving toward a state budget and the largest reform of education finance in our state’s 128 year history. #waleg Regardless of how it unfolds, I’m grateful for the enormous dedication of budget writers working 7×24 for a responsible agreement. And yet [...]
May 13th, 2017 - 8:27 am § in Donald Trump, The Ave Scene
What Happens When No One Votes to Pay Taxes?
The NY Times describes what happens in the rural Northwest, when natural resources dwindle and government no longer lives off “free” money from the private use of public lands. Combine this with the Trump era tax resistance movement and influx of empty nester retirees who come fo[...]
May 12th, 2017 - 9:56 pm § in Donald Trump, Hypocrisy
Trump Releases His Tax Returns … TO HIS LAWYERS!
President Donald Trump’s attorneys say his tax returns don’t show “any income of any type from Russian sources” — “with a few exceptions.” No comment is made on how much money Trump has received as loans, a subject that is raised by repeated comments by Trump&[...]
May 12th, 2017 - 11:49 am § in The Ave Scene
Who is making a buck of off the Seattle real estate bubble?
Tax data geek-out time: All real estate agents & brokers statewide paid $47.3M in taxes on $3.1B revenue. This includes B&O taxes, the primary business tax that companies pay. This is the tax agents pay on their income from real estate transactions. Seller fees for transaction are not [...]
The revenue cost of tax deductions
Today, President Trump unveiled his plan to give hundreds of billions of dollars of tax breaks to the very rich. Of course, the deficit hawks of his own party in Congress won’t stand for borrowing the difference, so someone else will have to pay more. Look at this chart, then use your imaginat[...]